Product Costing for Designers Master Class TM
With Real Time Case Study and Case Method
Updated on Nov, 2026
Language - English
AI Assistant
Lectures -11
Duration -57 mins
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Course Description
About the Master Class:
This course teaches students about the costing knowledge which is required being a designer. Basic elements and components of costing have been discussed in detail along with different types of costing such as reference costing zero is costing and comparative costing. Also many components names like inventory cost machine hour rate labour cost overheads cost profit margins parking cost has been discussed in detail to get a complete view for designers when it comes to material costing.
Design philosophy:
As I used to say in my design courses, that design cannot be learned in the rot learning or Text book way of learning that you do through a chapter wise and remember some formulas that will yield you some solutions. Design is unique and when different people approach the same problems we will get different solutions based on the inputs that designer works on.
So design can be approached in the way of learning through the case studies and by doing action on your own to learn yourself.
Learning by doing and learning by action.
Goals
Benefits of the Master Class:
Students will learn about the components of costing which includes ROMaterial, processing cost, overheads in detail with examples.
Also this course teaches about why materials costing knowledge is required for designers and how it plays a five little role in interfacing with the engineering team with respect to economic and cost restrictions.
In-depth knowledge of machines, our rate and how to arrive for each machine based on the Capex of the machine, overheads of the machine, consumables and non-consumables of the machines, maintenance and its appreciation and appreciation cost.
Students can learn about how costing could be easily put into a product like a pen and how we are able to compare it with the market to see the difference in what mistake you made.
In-depth knowledge of zero based costing and how the elements are playing in that.
Also a very quick based costing which is comparative costing and reference costing can make costing very easy even when you have a confidential or don't know anything about the material we still are able to calculate the cost with the reference costing method.
After attending this course designers will definitely have a very good knowledge about costing and its awareness and that can impact largely when it comes to designing the products more efficiently more cost-effective than putting the value stream in the process of supply chain
Prerequisites
Anyone can learn this class it is very simple
Students are advised to take notes for self-reflection purposes
No prior experience is needed to join this course
Anyone who wants to learn Product Costing for Designers with real time case studies
Curriculum
Check out the detailed breakdown of what’s inside the course
Introduction Product Costing for Designers
1 Lectures
-
Introduction Product Costing for Designers 03:50 03:50
Why Designers needs to Costing ?
1 Lectures
Zero Based Costing
1 Lectures
RAW Material costing
1 Lectures
Processing Cost - Machine Hour Rate
1 Lectures
Overheads cost Invetory, Logistics, Maintenance
1 Lectures
Learnings from Zero based Costing
1 Lectures
Variable costing
1 Lectures
Reference Costing
1 Lectures
10
1 Lectures
Recap Learnings & Conclusion
1 Lectures
Instructor Details
Dr. Noble Arya
Warm greetings and a heartfelt welcome!
I am Dr. Noble Arya, a Full-Stack Data Scientist, AI/ML/DL Researcher, Product Innovator, and lifelong learner. My professional journey has given me the opportunity to work with leading global organisations, including General Electric (GE) and Wipro Technologies, where I gained valuable experience in technology, innovation, and solving real-world challenges.
As the founder of NobleX Infinity Labs™, I have had the privilege of mentoring and inspiring more than 100,000 learners and 500 educators across 170 countries. Our educational programs have received an average rating of 4.9 out of 5 stars, reflecting the trust, encouragement, and feedback of over 100,000 learners.
My academic journey reflects my belief that learning should never stop. He has been awarded a Doctorate in Artificial Intelligence and Machine Learning, has pursued postgraduate medical education in Telemedicine through Harvard Medical School, and completed the Post Graduate Program in Artificial Intelligence and Machine Learning, offered through The University of Texas at Austin and Great Learning.
With more than 17+ years of experience in Artificial Intelligence, Machine Learning, Data Science, Deep Learning, and Value Innovation, I have come to believe that the true purpose of technology is not simply to make machines more intelligent, but to help human beings become more conscious, creative, compassionate, and capable.
Throughout my journey, I have been fortunate to receive more than 300+ national and international awards and recognitions for contributions to future skills, creativity, technological innovation, and ethical AI. While these recognitions are meaningful, what matters most to me is the opportunity to make a positive difference in someone's life through education.
My interests extend beyond technology. I am deeply passionate about Computer Science, Artificial Intelligence, Design Thinking, Pure Consciousness, Human Potential, and Value Innovation. I believe that meaningful progress happens when scientific understanding, human creativity, and deeper awareness come together.
Over the years, my learning and professional journey have brought me into contact with institutions and organisations such as Teach For India, Harvard Medical School, the University of Texas at Austin, and Toastmasters International. Each experience has contributed to my understanding of education, leadership, innovation, and the importance of human values.
As an entrepreneur, I have also experienced the challenges and rewards of building two startups from modest beginnings into nationally and internationally recognised ventures. These experiences taught me that innovation is not only about having great ideas. It is about persistence, experimentation, learning from failure, and creating genuine value for people.
My work and interests span several interconnected fields:
Artificial Intelligence, Machine Learning, and Deep Learning
Data Science, Computer Science, and Real-World Problem-Solving
Design Thinking, Product Development, and Value Innovation
Digital Transformation and Future Skills
Project Management, Entrepreneurship, and Leadership
Pure Consciousness, Human Awareness, and Value-Based Technology
Having worked on more than 100 projects over the past 15 years, I have learned one important lesson: knowledge becomes truly valuable when we use it to solve real problems and improve lives.
This belief continues to shape my mission.
Through my Udemy courses, YouTube channel, research initiatives, and educational programs, I want to make high-quality learning more accessible, practical, affordable, and meaningful for people from all walks of life.
My vision is ambitious, but it comes from a simple conviction: every human being deserves the opportunity to learn, grow, innovate, and realise their potential.
Over the coming decade, I aspire to contribute to the empowerment of 7 billion people worldwide, through both online and offline education, by helping them develop real-world problem-solving skills, technological understanding, creativity, and ethical awareness.
I envision a future in which Artificial Intelligence does more than automate tasks or improve productivity. I hope it becomes a powerful instrument for expanding human capabilities, nurturing consciousness, encouraging compassion, and creating a more inclusive and sustainable world.
Technology should serve humanity, and humanity should grow in wisdom alongside technology.
To me, education is not simply about acquiring certificates, mastering algorithms, or advancing careers. It is about discovering our potential, questioning our assumptions, understanding the world more deeply, and using our knowledge responsibly.
Whether you are a student, educator, researcher, entrepreneur, working professional, or simply someone curious about the future, I warmly invite you to be part of this lifelong learning journey.
Connect with me through Udemy and YouTube. Let us explore ideas, challenge conventional thinking, develop practical skills, and build a future where intelligence, innovation, consciousness, and compassion work together for the benefit of humanity.
I remain deeply grateful to the Creator, to every teacher and learner who has shaped my journey, and to the extraordinary universe of which we are all a part.
From the smallest atom to the infinite universe, may our pursuit of knowledge always be guided by wisdom, humility, gratitude, and love.
Thank you for being part of this journey.
With heartfelt gratitude and sincere regards,
Dr. Noble Arya
Founder, NobleX Infinity Labs™
Full-Stack Data Scientist | AI/ML/DL Researcher | Product Innovator
Educator | Entrepreneur | Lifelong Learner
Learning Beyond Boundaries. Innovating with Consciousness. Empowering Humanity.
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